Upper Montclair, NJ

Are Distressed Homeowners a Marketing Opportunity?

07-20-09

Steve Shatsky - Dallas Real Estate & Short Sale Specialist (214)213-0340

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Office: (214) 213-0340

It's no secret that with the current real estate market in many cities and rising unemployment rates that many homeowners are struggling to remain current on their mortgages. When folks are struggling financially, they often look for a brief "escape" from their day-to-day concerns by going to the movies or attending another local event. One professional sports organization has found a way to make escaping even more attractive to distressed homeowners!

The Jersey Jackals, who play at Yogi Berra Stadium on the campus of Montclair State University and are a part of the CanAm baseball league, have added to their roster of nightly events what they are calling "Mortgage Mondays". At one Monday home game in June, July and August, a drawing of the name of a game attendee will take place and the winner receives the cash equivalent of 2 mortgage (or rent) payments, up to $4,000.

What an "outside the box" idea to attract folks to the ballpark in a challenging economy!

Go Jackals!

27 Comments

oil tanks

11-04-08

Martha Kolko

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Office: (973) 783-7400

Mobile: (201) 247-9934

If you are purchsing a home in Essex County, you need to be informed about oil tanks. Start by requesting all documents pertaining to any oil tanks that have either been decommissioned or removed from the property. Many buyers are now requesting removal of even decommissioned oil tanks due to potential leaks. A leaking tank can delay closings for months and years in some cases. I always recommend that buyers hire a professional to perform a tank sweep of the property they are purchsing. There have been a few rare cases where second oil tanks were found on properties. Buyers do not want to inherit a potential problem.

3 Comments

Knob and tube wiring and gettin homeowners insurance

11-04-08

Martha Kolko

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Office: (973) 783-7400

Mobile: (201) 247-9934

I have clients that are having trouble getting homeowners insurance because of knob and tube wiring. There are a few companies that will insure them but the cost is very high. Does anyone know of a good insurance company that will insure a 1920's home with knob and tube without costing an arm and a leg?

3 Comments